Shareholders of Basic Energy Services (BAS) recently saw that stock’s price cut by a third over two days. However, three company insiders viewed the drop as a buying opportunity, significantly increasing personal holdings via open market purchases.
Hornbeck industries (NYSE: HOS) stock has been on a tear since July 3 when a group of insiders disclosed acquiring a total of 24,550 shares at $4.00. HOS closed at $5.21 on June 29.
For the first time in a decade, there’s a whiff of real fear in the financial markets.  I’m not talking about the low-grade anxiety we’ve seen occasionally during the bull market, where investors worry about when to buy the dip. Over the last few days we’ve seen something different -- a deeper fear, fear that comes from not knowing if there is a bottom.
Fastly Inc. (FSLY) shares surged nearly 45% from July 24 through Aug 5. -- going from $78 to a high of $117.79. But since then, FSLY has pulled all the way back to $79.25. Tons of volatility, but Fastly's #1 holder -- Abdiel Capital -- hasn't sold...
Two Bed Bath & Beyond insiders bought shares as the slumping retailer published an investor update describing improving June sales trends. After announcing dismal Q1 Covid-19-impacted earnings on July 8, Bed Bath & Beyond (BBBY) management received lots of questions from investors. So on Tuesday, the company...
Marcus Lemonis is the CEO and majority shareholder of Camping World Holdings Inc (CWH), but he's gained notoriety as the host of CNBC's The Profit. In the series that has run since 2013, self-made multi-millionaire Lemonis has invested millions of his own money in small businesses...
Many traders know of Bruce Kovner, the cab driver turned multi-billionaire, from his interview with Jack Schwager in the classic investment book Market Wizards. As founder and Chairman of Caxton Associates from 1983 to 2011, Kovner reportedly averaged 21% annual returns. Kovner managed as much as $14 billion...
Jack Schuler is the former President/COO of Abbott Laboratories and a biotech entrepreneur with a penchant for investing in medical stocks both large and small. On Aug. 31, Schuler filed a 13D/A disclosing the purchase of 365,291 shares of the bioscience company Yield10 (YTEN) @ 4.25. At that...
On Friday afternoon, CASI Pharma CEO He Wei-Wu filed a Form 4 disclosing the purchase of nearly $7.9M of CASI stock. The insider bought the shares in a public offering of 20M CASI shares at $1.90. President Larry Zhang also bought 20,153 shares in the secondary offering,...
On June 13, 2018, Elon Musk reported buying 72,500 shares of Tesla, Inc. (TSLA) at an average price of about $344, spending nearly $25 million. Tesla stock rallied about 7.5% over the next three days. But the big purchase by Musk begs the question: Is it usually profitable to follow famous CEOs into their own stocks when they buy shares?